June 25, 2012

Spain formally requests eurozone bank aid

MADRID, June 25 (Xinhua) -- Spain on Monday lodged a formal request to its eurozone partners for financial aid of up to 100 billion euros (about 125 billion U.S. dollars) for its troubled banking sector.

Spanish Economy Minister Luis de Guindos made the request in a letter to Eurogroup president Jean-Claude Juncker. Read more.

Xinhua

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